Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.005%

Price spread now: MEXC against RISEx−0.015%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$100.101% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.015%, 7d avg −0.001%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,351.2	0.0054	pay 0.0007% / 1h	45m 30s	$3.7M	$12.5M	25x
Short	MEXC XAU_USDT	4,350.6	0.0118	get 0.0059% / 4h	2h 45m	$370.1M	$318.0M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee MEXCbpOrdersPrice spread, now −0.015%Rate

Funding earned: $13.44
Price spread: −0.015% → −0.001%: −$1.37
Slippage, 4 orders: −$0.11
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $1.96
Costs to cover: 0.101%
Break-even: 6.0 days

Slippage from RISEx: live order book, 4 min ago; MEXC: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 4 min ago	0.01 bp	3.0 bp −$3	4.5 bp −$45	35.2 bp −$3,524	doesn't fit
Sell MEXC live order book, 4 min ago	0.03 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$215	23.4 bp −$11.7K

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0046%	1h	4,344.4	−0.155%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.9	+0.085%	$93K	$8.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.7	−0.102%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,347.4	−0.087%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.7	−0.103%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.018%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,351.3	+0.003%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,348.9	−0.052%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.4	+0.740%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.4	−0.087%	$293.7M	$49.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,346.9	−0.098%	$15.1M	$56.7M	25x	as long as short
RISEx XAU/USDClong	+0.0054%	1h	4,351.2	long leg	$3.7M	$12.5M	25x
Kalshi KXGOLDPERP	+0.0054%	24h	4,349.3	−0.043%	$4.2M	$39.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,349.6	−0.036%	$20.7M	$30.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,350.5	−0.016%	$19K	$5K	5x	as long as short
Bybit XAUUSDT	+0.0071%	4h	4,351.7	+0.011%	$80.2M	$151.7M	150x	as long as short
Gate XAU_USDT	+0.0072%	4h	4,352.1	+0.022%	$271.7M	$397.6M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,348.6	−0.059%	$2.1M	$4.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.9	−0.099%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347	−0.097%	$277K	$204K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,352.1	+0.021%	$20.1M	$38.2M	25x	as long as short
Aster XAUUSD1	+0.0105%	4h	4,352.4	+0.027%	$71.6M	$331.2M	20x	as long as short
Variational Omni XAU	+0.0107%	4h	4,349.4	−0.041%	$48.5M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,349.5	−0.039%	$161K	$87	10x	as long as short
MEXC XAU_USDTshort	+0.0118%	4h	4,350.6	−0.015%	$370.1M	$318.0M	1000x
Binance XAUUSDT	+0.0118%	4h	4,350.6	−0.014%	$418.8M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0119%	4h	4,346.1	−0.116%	$30.2M	$58.2M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,350.4	−0.017%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,347.4	−0.087%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,348.6	−0.059%	$203K	$822K	25x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,350.5	−0.015%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0168%	1h	4,350.3	−0.020%	$4.3M	$2.0M	20x	as long as short
Phemex XAUUSDT	+0.0200%	4h	4,352.9	+0.039%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0246%	1h	4,347.2	−0.092%	$591K	$128K	25x	as long as short
HTX XAU-USDT	+0.0266%	4h	4,352.4	+0.027%	$2.8M	$4.6M	75x	as long as short
Bitget XAUUSDT	+0.0280%	4h	4,351.3	+0.002%	$71.6M	$107.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0336%	8h	4,351.9	+0.016%	$168.3M	$282.2M	100x	as long as short
BloFin XAU-USDT	+0.0371%	4h	4,349.2	−0.045%	$15.8M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,350.1	−0.024%	$251K	—	111x	as long as short